Brock Milton Capital (BMC) Q4 2024 earnings summary

Executive summary

• 2024 marked a record year with the highest assets under management (AUM) and NAV in company history; AUM reached SEK 21.5 billion, with BMC Global Select at SEK 20 billion.

• Net inflows to funds exceeded SEK 3.7 billion, driven by a strong sales team.

• Company rebranded to Brock Milton Capital AB, updated fund names, and moved global funds to its own SICAV in Luxembourg.

• Board changes included a new chair and increased independent representation.

• No significant events occurred after year-end.

Financial highlights

• Provisions income rose to SEK 147.6 million (from SEK 122.1 million year-over-year).

• Operating income was SEK 37.2 million, down from SEK 47.8 million year-over-year.

• Net income for 2024 was SEK 29.4 million, compared to SEK 37.9 million in 2023.

• Total assets at year-end were SEK 76.5 million, with equity of SEK 40.4 million.

• Cash and equivalents increased to SEK 54.4 million from SEK 24.7 million year-over-year.

Outlook and guidance

• Management expects continued strong growth, with a focus on expanding presence in the Nordics, Luxembourg, Germany, and Austria.

• The company aims to maintain a 15% annual return target for its global funds.

• Forecasts a positive result for 2025, supported by a robust business model and strong capital position.